Hidden death tax in the budget

[red750]

https://au.finance.yahoo.com/news/death-tax-hidden-in-the-budget-set-to-accelerate-inheritance-trend-do-it-earlier-005525441.html

[Litespeed]

All bullshit to scare about making trusts not dodge tax.

[facthunter]

Many Trusts are tax dodging RORTS. That's what They are aiming at. Nev.

[onetrack]

It was well known amongst the farmer clients I did contract work for in the 1970's and 1980's, that trusts were necessary to avoid paying tax. They were rampant in that period, with many "smart" accountants promoting them. 

[red750]

Something for you to read and have a go at:

 

https://thenightly.com.au/australia/nick-bruining-qualify-for-just-1-of-centrelink-age-pension-or-jobseeker-and-30-per-cent-cgt-disappears-c-22399131

[Marty_d]

He seems to have the facts pretty right.

But I don't think the people who qualify for a part pension are the richest 20% who make the most out of CGT discounts.